Determine the break-even prices at expiration for the following:

a. A straddle purchase formed with ABC call and put options, each with exercise prices of \(\$ 60\) and premiums of \(\$ 5\).

b. A straddle write formed with \(\mathrm{ABC}\) call and put options, each with exercise prices of \(\$ 40\) and premiums of \(\$ 2\).

c. A covered call write formed by purchasing \(\mathrm{ABC}\) stock at \(\$ 45\) and selling an \(\mathrm{ABC} 50\) call at \(\$ 4\).

d. A covered put write formed by selling ABC stock short at \(\$ 45\) and selling an \(\mathrm{ABC} 50\) put at \(\$ 6\).

e. A stock insurance strategy formed by purchasing ABC stock at \(\$ 48\) and buying an \(\mathrm{ABC} 50\) put at \(\$ 4\).